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20130124
20130201
Search Results 0 to 14 of about 15 (some duplicates have been removed)
FOX Business
Jan 24, 2013 1:00pm EST
, requiring congress to not spend more than it makes, than it takes in in taxes. if you call taxation making money, but it can't spend more than it takes in. any traction on that? >> yeah. this is an idea, an old idea, whose time has timely come, and, you know, as polls show about 75% of all americans support this idea, most of the state legislatures operate the same way, and we need to do this because we need permanent structural spending reform so that we don't find ourselves back in the same position every six to 18 months in raising the debt limit. >> limit spending to 18% of the gross national product, 18%. right now, it's a rate of 23%. we're looking at some of the other things that you would do. you want a historical average of total federal receipts so congress is only run a deficit, increase taxes, or increase debt if agreed upon by a two-thirds vote. i like how it sounds, but it doesn't sound like you can get other politicians to agree to it? >> rome was not build in a day. it's in the a sell yet, but we have support in the senate for the idea of a balanced budget amendment. the la
FOX Business
Jan 30, 2013 9:20am EST
is in this a lexus, the rich moving from high tax states to lower tax states like texas, arizona, tennessee, florida. joining us is ed butowksi, welcome back to the program. you are going to tell me about your clients, no names. clients of yours on the move, calif. out, some place else. you have got a gentleman moving from orange county to where? >> right into dallas. his number one reason was carries no reason to pay, the ceo of public companies that i'm done, moved to dallas, got an apartment and got much smaller but paying nothing in income-tax is because in the state of texas is a big zero. stuart: he has saved an enormous amount of money. >> a very wealthy man and really symbolic of what is happening throughout california. not just the rich. you hear people saying get me out, another client in san diego, not an extraordinarily wealthy person but has done well, retiring, said i am done, and move to idaho. stuart: anybody else in california moving? >> another thing. i manage professional athletes. when they negotiate their contracts one thing becomes of is they will go to california is taxes. how
FOX Business
Jan 30, 2013 10:00pm EST
moving from new york to florida, would you move to could your income taxes? here is how you voted. 94 percent said yes, 6 percent said no. i go with that. be sure to log on to gerriwillis.com for online question every weekday. finally tonight, critically important, the answer is, yes, according to a new report. domestic cats, household pets that go outside and sprays killed millions of birds and small mammals each year. and the breakdown of fluffy and his friends killing spree, an average of 2 billion birds and 12 billion small mammals such a chipmunks, rabbits, and mice every year. according to researchers, more birds and mammals died at the mouths of cats than car accidents, boys as chemicals, and in on collisions with skyscrapers and windmills. part of a three-year fish and wildlife study. is this your tax predellas a work? crazy. that is my "2 cents more." that's it for tonight on "l dobbs tonight." have a great night. ♪ lou: >> a very good evening. i'm lori rothman. the obama -- obama economy heading a stumbling block, suffering its first decline since the end of the recession.
FOX Business
Jan 24, 2013 5:00pm EST
interest rates rise, our taxes are going to have to be higher to pay that debt. now, not all of that debt is held in the united states so it's not a question of just having to pay taxes in order to pay the american holders of that debt. about half the debt is now held outside the united states. chinese, middle east, others. we're going to have to raise taxes in the u.s., produce goods and services in the u.s., and ship them to the chinese, to the middle east, and others. the bigger the debt is, the more of that we're going to have to do, so it's a serious problem, and it also means that things could get out of -- really out of whack as they have in europe if suddenly foreigners or others just don't want to go on holding that debt. melissa: do you think that happens? there's a lot of people that say, you know, they don't want to stop buying our debt because we're the best game in town no matter how bad it gets, but that would be the tipping point when they come in and don't buy our debt. people say that would never happen. you honestly believe that would happen? >> it certainly could. it's
FOX Business
Jan 30, 2013 1:00pm EST
's new push for a video subscription service. lori: whether we like it or not, tax season news kicking off today, two weeks later than normal. when you need to file and can expect that refund. ♪ . >> i'm adam shapiro with your fox business brief. stocks are holding near five-year highs after a report showing the economy contracted in the final quarter of last year and better than expected news on private sector hiring in january. checking the dow industrials right now, we are down just one point. >>> shares of amazon are higher after the company's fourth quarter gross profit margin surprised wall street. they came in just over 24% compared with expectations of about 22%. after the bell the online retailer reported a profit of 21 cents a share, 7 cents shy of expectations. while revenue was up 22% over a year ago at $21.27 billion, it also fell short of the estimate of more than 22 billion. >>> toyota is recalling more than one million cars for faulty airbags and defective windshield wipers. most of the recall affects corolla models. that's the latest from the fox business network, gi
FOX Business
Jan 28, 2013 9:20am EST
tax illinois, he owes even more to the state. maybe he should do a mickelson and move. yes, the tax refugee story will not go away. news this morning, that france's richest man is leaving and taking his wealth with him. arno is doing a depardu. t the wall street journal calculates tiger woods saved 100 million dollars over the years he moved to no tax florida. back to that one-shot $75,000 winner he lives in illinois which has just been downgraded. even though the state income tax has gone through the roof and chicago is concerning lifting, shifting its retiree health costs on to you, the federal taxpayer. can you say obama bailout? yes, we can. "varney & company" is about to begin. houting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ >> we have for a long time on the program and now the all-time high for the dow is in sight. clear sight. the record is 14,163.
FOX Business
Jan 29, 2013 4:00pm EST
at the helm. there is nobody like him. in fact a lot of people were concerned, joe, with this new tax, they have to add on the 7% tax, it adds up to 9% in some cases in california. these huge new sales taxes that the internet used to be able to avoid, they can't avoid it all over the place now. certain states it does kick in, that didn't seem to hurt sales too much. kind of surprising. >> i live in illinois. i live in chicago that's one of them. >> we have taxes in this town. this is nothing. the expectations are built in. not like we didn't know about this. that is like the general market. we see the things out in the forefront. investors and traders are not reacting like they normally would when they see the top line and follow-up data. they're looking at the stock. looking at what could potentially happen. i think this is priced in. david: joe, thanks. we'll see you in a couple of minutes when the s&p futures close. thanks. liz: well at this year's consumer electronics show you know we tried our absolute darnedest to break corning's new gorilla glass. they keep reinventing it. i wa
FOX Business
Jan 24, 2013 11:00am EST
you have to say? stuart: we also agree on taxes. >> we should have a free enterprise, free market system. stuart: why are you such a supporter of the most leftist president in american history? >> it is not just a chief financial officer, it is a leader of our nation. he has no peers when it comes to any other candidate on the republican side or any other republican sitting in the senate. we are out of time. connell: good morning, everyone. i am connell mcshane. dagen: i am dagen mcdowell. things are looking up on the jobs front. connell: monica crowley. dagen: dreamliner, the troubles have not gone away for boeing. michael dell has ordered one of them. connell: then there is jamie dimon and john chambers. you will be hearing from both of them in this hour. liz claman at the world economic forum. cheryl: stocks now and every 15 minutes. apple. nicole: i will show you apple in a moment. the dow, the s&p are doing quite well. five-year highs. highs that we have not seen since 2007. the tech heavy nasdaq, apple weighing on the nasdaq. are we almost at 14,000? we cannot believe it. wh
FOX Business
Jan 31, 2013 11:00am EST
on their plans because of the uncertainty of dodd-frank, obamacare cause, tax increases, the president has spent more on economic stimulus and borrow more money than any president in history. his policies are not working and he does not like what business people are telling him. dagen: we talked about this earlier in the show. you look at what happened in the economy during the fourth quarter. we had a contraction if you are on the other side of the aisle don't you look at that and say, hey that is a very reason that the government needs to keep spending money. >> if that helps our economy, we would have the best economy in history. there were no spending cuts in the fourth quarter. we have not executed as a cluster yet. companies did begin to pull back. dagen: one that they are looking for is more infrastructure spending. we have heard that over and over again. why won't the white house get that? >> dagen, it is a different philosophy. the president and his party believe that the government is the central player in our economy. we talk about cutting spending, they think that hurts the economy.
FOX Business
Jan 31, 2013 9:20am EST
. it cannot pay. it has dramatically raised taxes and it still cannot pay. the big failure is with pension reform. the unions have blocked it insisting that all the promises made in the past must be paid in full. now, they try to borrow and they can't. at least not at an affordable interest rate. so they are stuck. they are in crisis. we've said many times on this program that what illinois really wants, what it says -- really looking for it is an obama bailout. they want a pay off for voting heavily for the president's reelection. will they get it? more importantly are you in texas, new jersey and all over the country, are you prepared to give them your money? stuart: let's get right at it. illinois at a stand still. they can't borrow money. it is a crisis. wgn radio host is our person in illinois and she joins us now. yesterday they were trying to issue a bond, trying to raise 500 million dollars. they had to cancel it because the interest they would have to pay would just -- they couldn't afford it. are they now at a stand still unable to pay bills and they can't borrow? >> well, stuart
FOX Business
Jan 31, 2013 1:00pm EST
amount in eight years, held by dividend payouts as everybody tries to avoid higher tax rates on those. the latest reading on manufacturing came in the best level in nine months. that is positive. following the gdp report. that is not good. what does it say about the recovery? it is confusing. joining me now. we go through the list, it is basically all bad except the chicago pmi number. what is your take? >> my view is the latest data suggests this remains the olympus economic recovery since the second world war and we ought to be happy the u.s. economy grows by 2% once again in 2013. this is an economy growth wise that is simply moving sideways. melissa: sideways even is optimistic. it could go backwards. the fed charted the recovery in terms of gdp growth saying this is the worst recovery we have ever had, basically. >> that is exactly right. we cannot forget the latest rally by equities owes much more to the expectation of the continuation of very low bond yields than it does to expectations of stronger earnings growth. in fact, if we strip away the financials from the s&p 500 compa
FOX Business
Jan 29, 2013 1:00pm EST
detroit and you want to buy it and create this utopia. what would the tax policy be like because that is what i care about? >> do not fax anything you want to encourage. melissa: it sounds like a fantasy, but this is a real plan. it is a 983-acre island located off of detroit. it was purchased by detroit in 1879. the reason why you think that this could actually happen is because detroit, of course, is in dire financial strength. they are looking for anything to do to write in the books. what are the odds that you think you can get this done? >> well, considering all the interest and the media coverage in the past week and all the discussion, i think the odds are getting much better. i think it can happen. melissa: it would be like puerto rico. it's all private entity. you would have your own currency. you have to renounce your citizenship, though. is that something that would have to be done here? >> no. actually, what i am proposing in this book which i have written is to be in additional citizenship for bell island. melissa: there would be a fee to do that. have you had a lot
FOX Business
Jan 28, 2013 11:00am EST
with a green card as long as they paid back taxes and paid penalties and get in line for citizenship and approval. they also, however, want stronger border security and tracking of legal immigrants and whether or not they overstayed their welcome. they want to strengthen the employment verification system out there for immigrants, and those getting advanced degrees, ph.d. and masters in the math and the sciences. all of this is good politics, take a listen. >> look at the last election. look at the last election. we are losing dramatically the his pappic vote we think should be ours for a variety of reasons, and we got to understand that. >> in the last election, president obama got 71% of the hispanic vote, and mitt romney got 27%. dennis, cheryl? cheryl: immigration a big topic, obviously, and they voted on that. peter barnes, thank you very much. >> you bet. cheryl: gun stocks trading, the sector, we have been watching it, the two biggest names we follow, mar -- marginally higher. the president and vice president meeting with chiefs from major cities like aurora, colorado, oak cre
FOX Business
Jan 30, 2013 11:00am EST
napolitano talks to us about the tax that taxpayers are staring at after the big bank bailout. take a look at how the guild on the ten year is doing today. the market is flat, but the surgery yield is back above 2%. the local [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ [ male announcer ] to hold a patent that has changed the modern world... would define you as an innovator. to hold more than one patent of this caliber... would define you as a true leader. ♪ to hold over 80,000... well, that would make you... the creators of the 2013 mercedes-benz e-class... quiteossibly the most advanced luxury sedan ever. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. >> i am lori laughlin with your fox business brief. the latest policy meeting is underway. they will stick with its plan of holding inte
Search Results 0 to 14 of about 15 (some duplicates have been removed)